Eldorado Gold (TSE:ELD) Price Target Raised to C$70.00 at National Bank Financial

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective increased by equities researchers at National Bank Financial from C$63.00 to C$70.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 47.52% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. ATB Cormark Capital Markets dropped their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. TD dropped their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research note on Tuesday. BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus increased their price target on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average price target of C$63.50.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded down C$2.58 during trading on Wednesday, reaching C$47.45. The company’s stock had a trading volume of 960,919 shares, compared to its average volume of 751,582. The business’s 50-day moving average price is C$54.05 and its 200-day moving average price is C$48.72. The firm has a market cap of C$9.40 billion, a PE ratio of 19.21, a P/E/G ratio of 56.20 and a beta of 1.67. Eldorado Gold has a 52 week low of C$23.99 and a 52 week high of C$69.46. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.The business had revenue of C$767.52 million during the quarter. Equities analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current year.

Insider Activity at Eldorado Gold

In related news, insider Christian Milau purchased 3,500 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the transaction, the insider owned 14,994 shares in the company, valued at C$878,498.46. This represents a 30.45% increase in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,492 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the transaction, the insider owned 8,427 shares of the company’s stock, valued at approximately C$431,630.94. The trade was a 39.46% decrease in their position. Corporate insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.